Trump called Bevin to congratulate him and Ferriola for setting up the new steel mill and creating jobs for the U.S.
The Charlotte-based steel producer Nucor Corp. has announced that it will invest about $1.35 billion in the new sheet mill in Meade county along the Ohio River. Reportedly, this project will create more than 400 well-paying full-time jobs.
The facility, spread across 1.5 million-square-foot, will be built on 900 acres of land along the Ohio River in the Buttermilk Falls Industrial Park. The construction is anticipated to begin by end of the year with facility opening by 2022.
As reported by Kentucky Today, the jobs created by this project will pay an average wage of $72,000 annually. The project will also create around 2,000 construction jobs additionally with 400 permanent full-time jobs over 15 years. The Kentucky Economic Development Finance Authority has offered about $40 million in state incentives to Nucor, $30 million through the Kentucky Business Investment program and another $10 million through the Kentucky Enterprise Initiative Act.
Gov. Matt Bevin reportedly said that Nucor has been a proven, longtime corporate citizen in Kentucky and an important partner in world-class primary metals industry. The project will transform the economy of the region and help with high-quality jobs to the people in Kentucky and the generations to come, he further added.
Nucor’s Ferriola and Gov. Matt Bevin reportedly praised President Donald Trump’s decision to impose steel tariffs on China which helped U.S. to boost its manufacturing. At the ceremony, Trump called Bevin to congratulate him and Ferriola for setting the new mill and creating jobs for the U.S.
For the record, Nucor is headquartered in Charlotte, North Carolina. The company already has a sheet steel mill in Gallatin County. Last year, the company committed to invest $650 million in the plant to increase production capacity by 3 million tons annually.